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Amgen Can't Block Sandoz Biosimilar At Fed. Circ.

A divided Federal Circuit on Wednesday rejected Amgen Inc.’s bid to block sales of Sandoz Inc.’s biosimilar Zarxio during continued litigation between the companies, clearing the way for the first biosimilar approved under the Biologics Price Competition and Innovation Act.

  • BREAKING: DOJ Investigating Competition In Muni Bond Listing Market

    The U.S. Department of Justice is investigating whether several inter-dealer brokers have colluded to thwart competition from rival trading and price-listing services for pricing data on secondary sales of municipal bonds, according to sources close to the probe.

  • SEC Ordered To Speed Up Foreign-Energy-Payments Rule

    A federal judge ordered the U.S. Securities and Exchange Commission on Wednesday to stop dragging its heels on a rule outlined under the Dodd-Frank Act that will force oil, gas and minerals extractors to report when they make payments to foreign governments.

  • Obama's Iran Nuke Deal A Lock As Mikulski Gets Onboard

    The Obama administration's nuclear deal with the Islamic Republic of Iran has the minimum 34 votes it needs in the U.S. Senate to prevent a two-thirds majority from blocking passage after Sen. Barbara Mikulski, D-Md., threw her support behind the agreement Wednesday.

  • Ex-Willkie Farr Atty Admits Info Sharing In $7B Interchange Deal

    A lawyer who represented Mastercard Inc. admitted in a New York federal court filing late Tuesday that she used information from opposing counsel in a $7.25 billion deal to settle multidistrict litigation over Mastercard, Visa Inc. and other banks' interchange fees. 

  • Ex-SEC Atty, Others Hit With $34M Ponzi Scheme Judgment

    The U.S. Securities and Exchange Commission has won a $34 million judgment against two executives of a paving stone company and a former SEC lawyer who allegedly banded together to run a lucrative Ponzi scheme, according to a Tuesday ruling in New York federal court.

  • India Says Alternate Tax Won’t Apply To Foreign Investors

    The Indian government will amend the country’s Income Tax Act to clarify that foreign investors won’t have to pay the minimum alternate tax on income earned before April 1 of this year, Indian Finance Minister Arun Jaitley said Tuesday.